Banking and Finance

Interest rates expected to remain stable

Market interest rates should remain stable for the rest of the year, banking insiders have said.

Gold gains as dollar drop boosts demand

Gold prices surged VND50,000 a tael (37.5 grams) to VND20.80 million on July 14 as global prices climbed after a weakening dollar boosted demand for alternative assets.

Banks lose interest in dong deposits

Increased interest rates among commercial banks to attract more Vietnamese dong deposits have cooled, giving the market more stability from a few weeks ago.

Banks tightening consumer loaning

Commercial banks, after a period of trying to lure more clients to consumer loans, have begun setting additional conditions on loans.

Gold prices hit VND21 million/tael

Domestic gold prices on July 16 edged up to VND21 million/tael on a global market rally and news that the US dollar is weak and inflation in the US is likely to increase.